Market Analysis on December 17: Don’t Fall Before Dawn

Ma Yun has a very classic quote: Today is cruel, tomorrow is even crueler, and the day after tomorrow is beautiful, but most people die tomorrow night, unable to see the sun of the day after tomorrow.

This sentence is quoted by many start-up companies or scammers. I also agree with this sentence very much. Many people cannot resist the darkness before dawn.

Bitcoin plummeted in the early hours of this morning, other mainstream currencies were even worse, and the market was wailing again.

When Bitcoin fell to this price, the short-speaking people became active again, and some shouted to 3,000.

I still remember a few months ago, when the price of Bitcoin was around 90,000 RMB, my friend asked me when I could buy it, and I said wait for around 50,000 RMB.

He thought it was difficult at the time, but he didn’t expect to reach this price so soon. I quickly asked him if he would consider entering the market now?

My friend really is leeks, but at this price, I might not dare to buy them. All the reasons are actually excuses.

In such a market, let’s review the story of Brother 480,000 in Tieba as a warning.

At the beginning of 2014, a few days before the Spring Festival, a big brother studded the money to buy a house to buy bitcoin. At this time, bitcoin fell from a high of 8,000 yuan to 4,800 yuan, which was close to half. The big brother bought 100 bitcoins with 480,000, so he was called "Brother 480,000".

Brother 48 Wan broadcasted live in the post bar, recorded all his thoughts and feelings after purchase in the post bar, and kept warm with everyone.

At the beginning of the drop, Brother 480,000 was still relatively calm. He occasionally joked with his friends, and then fell sharply. Brother 480,000 didn’t dare to look at the market, so he could only ask his friends to check it for him.

After all, he took out the money to buy the house. Brother 480,000 must have done his wife's ideological work very practically, but he didn't expect the market to keep falling, and his wife became impatient, and advised him to sell it quickly so that he could save some money. Knowing that Brother 480,000 was unmoved.

In the end, the wife had to move out of the mother-in-law, which caused Brother 480,000 a headache, and the family quarreled over this matter for a time. It can be seen how important it is to have a supporting wife when making high-risk investments.

On June 14, 2016, Bitcoin experienced a bear market for two and a half years. In the past two and a half years, 480,000 brothers have experienced repeated psychological torture, hope, doubt, disappointment, and despair. Being "spit", "tortured", and "struck" at home, finally, I couldn't stand it any longer, and chose to sell out on this day.

Stud bought 100 bitcoins. After two and a half years, he lost 180,000 and was eliminated. The 480,000 coins ended up being 300,000. The story ended.

From the perspective of the current price of Bitcoin, we often fantasize: If we bought Bitcoin a few years ago, and then get it now... But in reality? I saw something like this online:

We can't judge Brother 480,000, let's analyze what caused him to fall before dawn.

1. One-time stud, leaving no way out. This is very bad. I know many excellent investors. They will definitely keep living expenses for about 3-5 years. This money must never be moved, and it cannot be moved under any circumstances. Secondly, there is still a certain amount of family emergency funds. , this part of the money will not move.

2. There is no stable cash flow income. It is very similar to the first point. Without income, the movements will be deformed and the mentality will collapse. If Brother 480,000 has a good job income in the past two years, he will not fall out of the game.

3. The family does not support it. In the final analysis, it is still a question of income. If there is a steady stream of income, the family will not interfere so much. But the support of family members is still very important, so what if it really goes to zero? Let's face it together and work hard together.

Buffett often said: Be fearful when others are greedy, and be greedy when others are fearful.

As for most people, they are more greedy when others are greedy, and more fearful when others are fearful.

How to get out of this predicament? In addition to learning theoretical knowledge, the best way is to make more money. After all, the purpose of coming to this market is to make money. Besides this market, there are still many fields that can make money. The key is persistence.

Lighthouse Community—Jiangge

Lighthouse Community—Jiangge

BTC

Bitcoin fell from around 7150 to the range of 6800-6900 last night and stopped falling. At present, there will still be a rebound in the short term. The important point of this rebound is the point around 7050. Secondly, the current corresponding price below is 6750 Nearby, don't chase the short at the moment, just keep holding the short position and move the stop loss down.

ETH

It was mentioned last night that the previous low point was about to be broken, and it is currently breaking through the previous low point. There has been a short-term rebound, but the strength of this rebound should not be seen to be very strong at first. The current short-term still maintains a downward trend.

BCH

The rebound of Bitcoin Cash is weaker, so don't chase short easily.

LTC

The decline of Latiao is not over yet, and it is currently maintaining a weak rebound. The current rebound is not very strong, and the short-term is still dominated by rebounds from high positions.

EOS

The trend of pomelo is also weak in the rebound. If you have a short order, you can continue to hold it.

XRP

Ripple currency has not finished falling from the point mentioned in the live broadcast, and has to fall, which is also the risk of this currency.

Bitcoin price at time of writing: $6880